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European Markets Broadly Flat

Retail and luxury stocks were mostly on the upswing in mid-morning trading.

LONDON — European stock markets were broadly flat in mid-morning trading on Monday.

 

The CAC 40 in Paris edged down 0.4 percent to 4,034.56 points, while the three other major markets made marginal gains.

 

The FTSE MIB in Milan was up 0.3 percent to 17,091.57, while the FTSE 100 in London and the DAX in Frankfurt each advanced 0.1 percent to 6,537.04 and 8,285.07, respectively.

 

The euro traded at $1.32 against the dollar, while the pound fetched $1.56 and the Swiss franc, $1.07, at 10:50 a.m. CET.

 

Retail and luxury stocks were mostly on the upswing, with the morning’s biggest gainers including Burberry Group, which rose 2 percent to 16.33 pounds. LVMH Moët Hennessy Louis Vuitton gained 1.4 percent to 139.20 euros; Yoox, 1.3 percent to 24.22 euros, and Brunello Cucinelli, 1 percent to 23.37 euros.

 

Among the stocks that lost ground was Safilo Group, down 1.6 percent to 13.16 euros. Aeffe retreated 1.2 percent to 0.63 euros, while Mulberry Group declined 1.1 percent to 9.78 pounds.